The wage growth rate stood at 8.16 percent in January, 1.78 percentage points below the inflation rate of 9.94 percent that month
Inflation in Bangladesh eased for the second consecutive month in January, driven by stable food prices due mainly to an abundant supply of winter vegetables to the local market.
The central bank raised the key policy rate by 50 basis points to 10 percent yesterday, making borrowing costlier for the 11th consecutive time to tame inflation as spiralling prices remain a headache for the interim government.
In an effort to curb stubbornly high inflation, the central bank’s latest interest rate hike has sparked concerns among the business community as they argue that the increased cost of borrowing will strain their existing ventures and dampen future expansion plans.
The Asian Development Bank (ADB) has projected that Bangladesh's inflation will ease to 6.6 percent in the current fiscal year.
Dealing with these two major challenges is essential for macroeconomic stability
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The wage growth rate stood at 8.16 percent in January, 1.78 percentage points below the inflation rate of 9.94 percent that month
Inflation in Bangladesh eased for the second consecutive month in January, driven by stable food prices due mainly to an abundant supply of winter vegetables to the local market.
The central bank raised the key policy rate by 50 basis points to 10 percent yesterday, making borrowing costlier for the 11th consecutive time to tame inflation as spiralling prices remain a headache for the interim government.
In an effort to curb stubbornly high inflation, the central bank’s latest interest rate hike has sparked concerns among the business community as they argue that the increased cost of borrowing will strain their existing ventures and dampen future expansion plans.
The Asian Development Bank (ADB) has projected that Bangladesh's inflation will ease to 6.6 percent in the current fiscal year.
Dealing with these two major challenges is essential for macroeconomic stability
Both global and local macro-challenges can have serious implications for the people of Bangladesh
